investment fraud

UK Weighs Fate of $6.7B Bitcoin After Chinese Investment Fraud Guilty Plea

October 2, 2025
Zhimin Qian, a Chinese national, admitted to running a massive crypto investment fraud in China from 2014–2017, defrauding over 128,000 people. UK authorities seized 61,000 Bitcoin, worth about $6.7 billion, marking the largest crypto recovery in history. Qian fled to the UK and attempted to launder the stolen funds with an accomplice. Victims are pushing